Industry News
The pension plan created stand-alone target allocations for real estate and infrastructure and recently added a new member to its investment staff.
Somerset had been in advanced talks to transfer its top performing funds to a new investment advisor.
The plan’s cio departed less than seven months after joining in the role.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The firm added a central regional director to work with nonprofit and institutional clients, providing them with investment advisory, asset allocation and portfolio construction services.
The university elected four alumni to join its board of trustees, including two investment professionals, at the start of this quarter.
The Boston-based firm has agreed to acquire a retirement plan consultant focused on the New England region.
The firm closed it latest strategy above its target at its hard cap of $275 million.